Constellation Energy Group Inc. , the Baltimore-based utility owner, reported a third-quarter loss of $1.41 billion as it wrote down the value of its stake in nuclear plants jointly owned with Electricite de France SA.
The $99 trillion U.S. natural-gas industry, led by Exxon Mobil Corp . and Chesapeake Energy Corp ., is prepared for a surge in demand as Japan ’s nuclear crisis shakes confidence in atomic energy, executives said.
Dynegy Inc. , the third-largest U.S. independent power producer, may need to sell itself piece by piece after Blackstone Group LP ’s $604.5 million offer to buy the whole company was rejected, analysts said.
Duke Energy Corp. said Bill Johnson won’t take over as chief executive officer as planned after its $17.8 billion takeover of Progress Energy Inc. Instead, James Rogers will continue as chairman and CEO of the combined companies.
Four days after super storm Sandy blacked out millions of homes and businesses in the northeastern U.S., complaints are rising from customers who may have to wait as much as two weeks longer to see power restored.
Duke Energy Corp. offered to sell some electricity at its cost plus 10 percent to ease regulatory concern about competition in wholesale power markets from its $15.3 billion purchase of Progress Energy Inc.